Post by fp on Dec 14, 2016 11:15:28 GMT
Dec 14, 2016 9:21:12 GMT @leopardcat said:
I note that only one of the 13 loans open for funding, and none of the 4 awaiting activation have interest rates <13%. However half of those in the pipeline are at 12%.
Given poor communication on late loans, somewhat unreliable SM for exit, the interest rates are sliding towards the negative side of the FS balance (other probable good points are deal flow (sustainable?), and relatively quick deposits and withdrawals), given that 13% here roughly equates to 12% on say SS/MT with monthly payments.
This on rising inflation...
I see 5 pipeline loans on FS, 4 of which are 13%, one is 12%, and that has a very low LTV, similarly, on SS, that loan would likely pay 9% at best.
